a. The Management Committee shall determine with which bank or other financial institution the funds of the Competition will be lodged.
b. All expenditure in excess of £3,500.00 shall be approved by the Management Committee. Cheques shall be signed by at least two Officers nominated by the Management Committee.
c. The financial year of the Competition will end on 31st March. .
d. The accounting records, or a certified balance sheet, of a Competition shall be prepared and shall be audited/verified annually by a suitably qualified person(s) who shall be appointed at the AGM.
e. In circumstances where payment is by cheque, which is dishonoured that Club shall be deemed not to have paid. In that instance subsequent payments shall only be accepted in cash or postal orders. Where cash is not hand delivered, the League takes no responsibility for its non-delivery. In the event of the drawer’s cheque being dishonoured and the League incurring charges, such charges shall be reclaimed from the drawer.
f. In circumstances where payment is made by either cheque or postal order, the minimum amount shall be £10-00.